NuStar Energy (NYSE:NS) Coverage Initiated by Analysts at StockNews.com

StockNews.com initiated coverage on shares of NuStar Energy (NYSE:NS) in a research note published on Tuesday morning. The firm issued a buy rating on the pipeline company’s stock.

Other analysts have also issued research reports about the stock. Raymond James reiterated a market perform rating on shares of NuStar Energy in a research note on Tuesday, February 20th. Wells Fargo & Company upgraded NuStar Energy from an underweight rating to an equal weight rating and upped their target price for the stock from $18.00 to $21.00 in a research note on Tuesday, January 23rd. Stifel Nicolaus reiterated a hold rating and set a $23.00 price target (up from $20.00) on shares of NuStar Energy in a research report on Wednesday, January 24th. Finally, JPMorgan Chase & Co. restated an underweight rating and issued a $19.00 price objective on shares of NuStar Energy in a research report on Wednesday, January 10th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company. According to MarketBeat, the stock has an average rating of Hold and a consensus price target of $19.33.

NuStar Energy Price Performance

NYSE NS opened at $21.96 on Tuesday. The stock’s fifty day moving average price is $22.87 and its 200 day moving average price is $20.67. NuStar Energy has a 1 year low of $14.70 and a 1 year high of $24.50. The company has a debt-to-equity ratio of 12.93, a current ratio of 0.81 and a quick ratio of 0.76. The company has a market cap of $2.78 billion, a price-to-earnings ratio of 30.93 and a beta of 1.69.

NuStar Energy (NYSE:NS) last announced its quarterly earnings data on Thursday, May 2nd. The pipeline company reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by ($0.15). The firm had revenue of $390.80 million during the quarter, compared to analysts’ expectations of $413.12 million. NuStar Energy had a return on equity of 88.49% and a net margin of 12.90%. The business’s revenue for the quarter was down .8% compared to the same quarter last year. As a group, equities research analysts forecast that NuStar Energy will post 1.1 earnings per share for the current year.

NuStar Energy Dividend Announcement

The business also recently declared a None dividend, which was paid on Thursday, May 2nd. Investors of record on Friday, April 26th were paid a $0.212 dividend. The ex-dividend date of this dividend was Thursday, April 25th. NuStar Energy’s dividend payout ratio is currently 225.35%.

Hedge Funds Weigh In On NuStar Energy

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. RIA Advisory Group LLC purchased a new position in NuStar Energy in the 4th quarter valued at about $37,000. Tower Research Capital LLC TRC lifted its position in shares of NuStar Energy by 55.9% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,002 shares of the pipeline company’s stock valued at $37,000 after acquiring an additional 718 shares in the last quarter. Baystate Wealth Management LLC boosted its stake in shares of NuStar Energy by 234.0% in the fourth quarter. Baystate Wealth Management LLC now owns 2,164 shares of the pipeline company’s stock worth $40,000 after acquiring an additional 1,516 shares during the last quarter. Lee Financial Co raised its stake in NuStar Energy by 18.4% in the 4th quarter. Lee Financial Co now owns 3,670 shares of the pipeline company’s stock valued at $69,000 after purchasing an additional 571 shares during the last quarter. Finally, Kingsview Wealth Management LLC purchased a new position in NuStar Energy in the 3rd quarter valued at $183,000. 63.13% of the stock is owned by hedge funds and other institutional investors.

About NuStar Energy

NuStar Energy L.P. engages in the transportation, terminalling, and storage of petroleum products and renewable fuels, and transportation of anhydrous ammonia in the United States and internationally. It operates through three segments: Pipeline, Storage, and Fuels Marketing. The Pipeline segment engages in the transportation of refined products, crude oil, and anhydrous ammonia.